2004 Special Session I

Budget Amendments - HB5001 (Committee Approved)

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Adjustment to Retiree Health Care Credit

Item 145 #1h

Item 145 #1h

First Year - FY2005 Second Year - FY2006
Education: Elementary and Secondary
Direct Aid To Public Education FY2005 ($790,781) FY2006 ($872,605) GF

Page 103, line 40, strike "$265,335,825" and insert "$264,545,044".
Page 103, line 40, strike "$275,092,690" and insert "$274,220,085".

(This amendment decreases the state's share payment needed for the Retirees Health Care Credit by $790,781 the first year and $872,805 the second year of the fiscal year 2004 - 2006 biennium. The rate changed from 0.59 percent down to 0.55 percent for a decrease of 4 basis points.)